DEME Offshore, Penta-Ocean form JV to Build aogdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aogdigital.com Daily Mail and Mail on Sunday newspapers.
Courtesy of DEME Group
The new JV brings together DEME Offshore’s marine engineering knowledge and decades of experience in the renewables sector, with the highly specialised marine construction technology of Penta-Ocean. The partners are currently in the process of establishing the Joint Venture company, whereby 51 percent of the shares will be owned by Penta-Ocean and 49 percent by DEME Offshore.
New regulations concerning wind power energy generation at sea, as well as in port and harbour areas, have been introduced in the country and the first wind farm auction round is expected to take place this year.
Japan has ambitious targets to develop 10 GW of offshore wind power by 2030. While the country has very favourable wind conditions, it also has challenging subsoils, which can be a mixture of sand and rocks.